Recent News
On November 11–12, 2025 Five9 initiated an accelerated share repurchase (ASR) with JPMorgan to repurchase $50.0 million of common stock, with an expected initial delivery of roughly 1.9 million shares and final settlement targeted by the end of Q1 2026.
Technical Analysis
ADX / DI+ / DI-: ADX at 18.18 indicates no strong trend; DI- showing a peak & reversal while DI+ decreases signals that bearish pressure recently faded and directional strength lacks conviction, which tempers immediate downside risk relative to longer-term averages.
MACD: MACD sits negative at -0.28 with a dip & reversal trend and a signal line at -0.27; momentum shows a nascent rebound but remains below neutral, implying bullish momentum building from a negative base but not yet confirming a decisive momentum shift.
MRO (Momentum/Regression Oscillator): MRO at -9.59 with a peak & reversal trend shows price below target and potential for upward mean reversion, supporting the view that current price levels carry some short-term upside potential versus valuation anchor points.
RSI: RSI at 44.78 with a dip & reversal indicates recovery from weaker momentum without overbought conditions, consistent with conditional upside if MACD crosses above its signal and DI+ stabilizes.
Price vs Moving Averages & Ichimoku: Last close at $19.86 sits near the 20-day average ($19.83) and 12-day EMA ($19.87), while the 50-day ($20.50) and 200-day ($24.48) averages remain above price; Ichimoku Tenkan/Kijun and both Senkou spans also sit above the current price, marking medium-to-long-term resistance even as near-term consolidation occurs around the 20-day band.
Bollinger Bands & Volatility: Narrow 20-day standard deviation (~$0.51) and 42-/52-week volatilities at 3% indicate muted volatility recently; lower-than-average 10/50/200-day volumes suggest constrained participation, increasing the significance of any momentum-confirming technical break.
Fundamental Analysis
Revenue & Growth: Total revenue $285,832,000 with revenue growth shown at 0.905% and revenue growth year-over-year at -0.81138% (QoQ listed at -28.964%); top-line dynamics show modest expansion on the most recent measure while sequential comparisons flag softening that warrants monitoring.
Profitability: EBIT $21,703,000 and EBIT margin 7.59% compare below the industry peer mean of 25.96% and industry peer median of 29.144%, highlighting lower operating profitability versus peers. EBIT margin QoQ moved +2.38369 percentage points while EBIT margin YoY declined -5.68704 percentage points, indicating recent sequential improvement from a weaker year-over-year base.
Margins & Cash Flow: Gross margin sits at 55.03% and operating margin at 5.613%; operating margin YoY down -4.46481 percentage points while operating margin QoQ fell -11.18693 percentage points. Operating cash flow $59,196,000 and free cash flow $38,301,000 produce a free cash flow yield of 2.03%, with free cash flow growth strong YoY but showing a negative QoQ swing in the most recent period.
Liquidity & Capital Structure: Cash and short-term investments $676,156,000 produce a cash ratio of 3.29 and current ratio of 4.61, indicating ample near-term liquidity to support buybacks and operational funding. Total debt $798,006,000 produces net debt $541,144,000 and debt-to-equity ~1.03; interest coverage roughly 7.03x, signaling manageable interest obligations against earnings.
Earnings & Valuation Metrics: Reported EPS $0.21 versus estimate $0.11 produced an EPS surprise of 90.91%. Trailing P/E at 116.22 contrasts with forward P/E 41.48, showing high trailing multiple compression with forward expectations materially lower. Price-to-sales 6.60 and price-to-book 2.43 reflect premium revenue and balance-sheet valuations. WMDST values the stock as under-valued given the firm’s cash profile and buyback program relative to perceptual multiples.
Return Metrics & Efficiency: ROE 2.318% and ROA 1.035% lag typical software peers; asset turnover 0.1646 suggests lower revenue per asset dollar, while R&D at $35,218,000 supports product development and AI features that underpin long-term competitive positioning.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-06 |
| NEXT REPORT DATE: | 2026-02-05 |
| CASH FLOW | Begin Period Cash Flow | $ 207.6 M |
| Operating Cash Flow | $ 59.2 M | |
| Capital Expenditures | $ -20.89 M | |
| Change In Working Capital | $ -36.00 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -12.14 M | |
| End Period Cash Flow | $ 195.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 285.8 M | |
| Forward Revenue | $ 247.6 M | |
| COSTS | ||
| Cost Of Revenue | $ 128.6 M | |
| Depreciation | $ 20.9 M | |
| Depreciation and Amortization | $ 20.9 M | |
| Research and Development | $ 35.2 M | |
| Total Operating Expenses | $ 269.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 157.3 M | |
| EBITDA | $ 42.6 M | |
| EBIT | $ 21.7 M | |
| Operating Income | $ 16.0 M | |
| Interest Income | $ 5.7 M | |
| Interest Expense | $ 3.1 M | |
| Net Interest Income | $ 2.6 M | |
| Income Before Tax | $ 18.6 M | |
| Tax Provision | $ 643.0 K | |
| Tax Rate | 3.454 % | |
| Net Income | $ 18.0 M | |
| Net Income From Continuing Operations | $ 18.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.11 | |
| EPS Actual | $ 0.21 | |
| EPS Difference | $ 0.10 | |
| EPS Surprise | 90.909 % | |
| Forward EPS | $ 0.80 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.8 B | |
| Intangible Assets | $ 420.9 M | |
| Net Tangible Assets | $ 354.4 M | |
| Total Current Assets | $ 949.4 M | |
| Cash and Short-Term Investments | $ 676.2 M | |
| Cash | $ 193.4 M | |
| Net Receivables | $ 117.1 M | |
| Inventory | — | |
| Long-Term Investments | $ 8.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 30.4 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 205.7 M | |
| Net Debt | $ 541.1 M | |
| Total Debt | $ 798.0 M | |
| Total Liabilities | $ 993.1 M | |
| EQUITY | ||
| Total Equity | $ 775.3 M | |
| Retained Earnings | $ -397.94 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 10.03 | |
| Shares Outstanding | 78.214 M | |
| Revenue Per-Share | $ 3.70 | |
| VALUATION | Market Capitalization | $ 1.9 B |
| Enterprise Value | $ 2.0 B | |
| Enterprise Multiple | 47.159 | |
| Enterprise Multiple QoQ | -46.256 % | |
| Enterprise Multiple YoY | -66.94 % | |
| Enterprise Multiple IPRWA | high: 725.943 median: 119.829 mean: 108.292 FIVN: 47.159 low: -500.562 |
|
| EV/R | 7.023 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.281 | |
| Asset To Liability | 1.781 | |
| Debt To Capital | 0.507 | |
| Debt To Assets | 0.451 | |
| Debt To Assets QoQ | -3.774 % | |
| Debt To Assets YoY | 109.295 % | |
| Debt To Assets IPRWA | high: 1.164 FIVN: 0.451 mean: 0.258 median: 0.207 low: 0.001 |
|
| Debt To Equity | 1.029 | |
| Debt To Equity QoQ | -7.642 % | |
| Debt To Equity YoY | 34.471 % | |
| Debt To Equity IPRWA | high: 2.803 FIVN: 1.029 mean: 0.496 median: 0.213 low: -0.893 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.432 | |
| Price To Book QoQ | -17.616 % | |
| Price To Book YoY | -43.024 % | |
| Price To Book IPRWA | high: 32.156 mean: 15.067 median: 13.004 FIVN: 2.432 low: -17.466 |
|
| Price To Earnings (P/E) | 116.218 | |
| Price To Earnings QoQ | 218.088 % | |
| Price To Earnings YoY | 142.554 % | |
| Price To Earnings IPRWA | high: 535.496 mean: 156.622 median: 153.023 FIVN: 116.218 low: -396.374 |
|
| PE/G Ratio | -1.606 | |
| Price To Sales (P/S) | 6.597 | |
| Price To Sales QoQ | -11.764 % | |
| Price To Sales YoY | -27.815 % | |
| Price To Sales IPRWA | high: 95.267 median: 42.542 mean: 41.64 FIVN: 6.597 low: 1.307 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 41.479 | |
| Forward PE/G | -0.573 | |
| Forward P/S | 9.629 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 266.864 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.165 | |
| Asset Turnover Ratio QoQ | 10.249 % | |
| Asset Turnover Ratio YoY | 22.054 % | |
| Asset Turnover Ratio IPRWA | high: 0.414 FIVN: 0.165 median: 0.133 mean: 0.131 low: -0.008 |
|
| Receivables Turnover | 2.511 | |
| Receivables Turnover Ratio QoQ | -5.809 % | |
| Receivables Turnover Ratio YoY | -5.203 % | |
| Receivables Turnover Ratio IPRWA | high: 6.055 FIVN: 2.511 mean: 1.721 median: 1.571 low: -0.167 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 36.344 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 14.402 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | -88.085 % | |
| Cash Conversion Cycle Days IPRWA | high: 226.004 median: 44.35 mean: 24.213 FIVN: 14.402 low: -144.827 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.384 | |
| CapEx To Revenue | -0.073 | |
| CapEx To Depreciation | -1.001 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.5 B | |
| Net Invested Capital | $ 1.5 B | |
| Invested Capital | $ 1.5 B | |
| Net Tangible Assets | $ 354.4 M | |
| Net Working Capital | $ 743.7 M | |
| LIQUIDITY | ||
| Cash Ratio | 3.286 | |
| Current Ratio | 4.614 | |
| Current Ratio QoQ | 4.029 % | |
| Current Ratio YoY | 149.156 % | |
| Current Ratio IPRWA | high: 8.127 FIVN: 4.614 mean: 2.042 median: 1.124 low: 0.159 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 18.746 | |
| Cost Of Debt | 0.373 % | |
| Interest Coverage Ratio | 7.03 | |
| Interest Coverage Ratio QoQ | 322.536 % | |
| Interest Coverage Ratio YoY | -768.376 % | |
| Interest Coverage Ratio IPRWA | high: 225.0 mean: 21.106 median: 9.798 FIVN: 7.03 low: -266.667 |
|
| Operating Cash Flow Ratio | 0.154 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 21.942 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.727 % | |
| Revenue Growth | 0.905 % | |
| Revenue Growth QoQ | -28.964 % | |
| Revenue Growth YoY | -81.138 % | |
| Revenue Growth IPRWA | high: 28.215 % mean: 4.798 % median: 4.141 % FIVN: 0.905 % low: -13.442 % |
|
| Earnings Growth | -72.368 % | |
| Earnings Growth QoQ | -420.482 % | |
| Earnings Growth YoY | -350.877 % | |
| Earnings Growth IPRWA | high: 200.0 % median: 12.791 % mean: 8.596 % FIVN: -72.368 % low: -181.25 % |
|
| MARGINS | ||
| Gross Margin | 55.025 % | |
| Gross Margin QoQ | 0.299 % | |
| Gross Margin YoY | 2.191 % | |
| Gross Margin IPRWA | high: 90.981 % median: 77.558 % mean: 76.425 % FIVN: 55.025 % low: 26.432 % |
|
| EBIT Margin | 7.593 % | |
| EBIT Margin QoQ | 238.369 % | |
| EBIT Margin YoY | -568.704 % | |
| EBIT Margin IPRWA | high: 76.323 % median: 29.144 % mean: 25.96 % FIVN: 7.593 % low: -105.646 % |
|
| Return On Sales (ROS) | 5.613 % | |
| Return On Sales QoQ | -1118.693 % | |
| Return On Sales YoY | -446.481 % | |
| Return On Sales IPRWA | high: 76.795 % median: 29.387 % mean: 24.446 % FIVN: 5.613 % low: -156.314 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 38.3 M | |
| Free Cash Flow Yield | 2.031 % | |
| Free Cash Flow Yield QoQ | 99.509 % | |
| Free Cash Flow Yield YoY | 135.889 % | |
| Free Cash Flow Yield IPRWA | high: 10.114 % FIVN: 2.031 % median: 0.259 % mean: 0.258 % low: -10.76 % |
|
| Free Cash Growth | 77.574 % | |
| Free Cash Growth QoQ | -302.824 % | |
| Free Cash Growth YoY | -50.618 % | |
| Free Cash Growth IPRWA | high: 368.524 % FIVN: 77.574 % mean: -16.292 % median: -16.953 % low: -324.945 % |
|
| Free Cash To Net Income | 2.131 | |
| Cash Flow Margin | 11.113 % | |
| Cash Flow To Earnings | 1.767 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.035 % | |
| Return On Assets QoQ | 1596.721 % | |
| Return On Assets YoY | -551.965 % | |
| Return On Assets IPRWA | high: 13.583 % mean: 2.949 % median: 1.924 % FIVN: 1.035 % low: -19.283 % |
|
| Return On Capital Employed (ROCE) | 1.389 % | |
| Return On Equity (ROE) | 0.023 | |
| Return On Equity QoQ | 1339.752 % | |
| Return On Equity YoY | -392.677 % | |
| Return On Equity IPRWA | high: 0.151 mean: 0.051 median: 0.048 FIVN: 0.023 low: -0.395 |
|
| DuPont ROE | 2.408 % | |
| Return On Invested Capital (ROIC) | 1.388 % | |
| Return On Invested Capital QoQ | 301.156 % | |
| Return On Invested Capital YoY | 119.273 % | |
| Return On Invested Capital IPRWA | high: 14.226 % mean: 3.635 % median: 3.218 % FIVN: 1.388 % low: -12.344 % |
|